Trade Setup for Nifty 50 to Global Markets: 8 Stocks to Buy or Sell on March 5, 2025
Trade Setup for Nifty 50 : The stock market experienced another round of corrections on Tuesday, with the benchmark Nifty 50 index closing at 22,082.65, down by 0.17%. The Bank Nifty, however, posted a positive move, gaining 0.27% to close at 48,245.20. The metals sector stood out as a significant gainer, while the auto and IT indices struggled, leading to notable declines in these segments. On the broader market front, small-cap stocks showed signs of recovery, though mid-cap stocks ended flat.
Trade Setup for Wednesday, March 5, 2025
As we look ahead to Wednesday’s market action, the Nifty 50 is hovering near crucial support levels of 22,000 and 21,800. If the market manages to rebound from the lower support zone of 21,800, there could be a strong reversal, potentially reversing the recent downtrend from the highs of 23,800. However, a close below the 21,800 mark would suggest a more bearish outlook, with the next support level at 21,500.
Shrikant Chouhan, Head of Equity Research at Kotak Securities, has highlighted these critical support levels, noting that the market’s ability to sustain above 21,800 will be essential for a bullish reversal.
For the Bank Nifty, the demand zone around 47,840 is crucial for support. On the upside, 49,000 remains a strong resistance, as noted by Hrishikesh Yedve, AVP of Technical and Derivatives Research at Asit C. Mehta Investment Intermediates Ltd. Investors should watch these levels closely to gauge the next market movement.
Global Market Overview
Domestic markets showed a slight recovery from the day’s lows but remained in the red due to concerns about escalating global trade tensions. While the broader market outperformed, driven by value buying in small-cap stocks, the overall sentiment was still cautious. Vinod Nair, Head of Research at Geojit Financial Services, pointed out that while domestic economic indicators remain favorable, investors are awaiting clarity on global trade conditions to determine whether the current momentum can be sustained.
Stocks to Buy or Sell on Wednesday, March 5, 2025
Several stock picks are gaining attention from analysts and market experts as potential investment opportunities for today. Here are the top stocks to watch, including recommendations from leading technical analysts:
Sumeet Bagadia’s Stock Picks:
- TAJGVK Hotels & Resorts Ltd (TAJGVK)
- Buy at: ₹481.75
- Target Price: ₹520
- Stop Loss: ₹460
TAJGVK is showing strong bullish momentum, having recently formed higher highs and higher lows. The stock is trading well above its 20-day, 50-day, and 200-day EMAs, which indicates strong support across all time frames.
- InterGlobe Aviation Ltd (INDIGO)
- Buy at: ₹4598.7
- Target Price: ₹4888
- Stop Loss: ₹4430
INDIGO is in an uptrend, having bounced from its 20-day EMA. The stock has been attracting strong buying interest, and the positive momentum is expected to continue, potentially driving the stock higher in the near term.
Ganesh Dongre’s Stock Picks:
- SRF Ltd (SRF)
- Buy at: ₹2850
- Target Price: ₹3000
- Stop Loss: ₹2800
SRF has shown a bullish reversal pattern on the charts, and the stock has found support at ₹2800. Investors can look to buy SRF at ₹2850 with an expectation that it could rise towards ₹3000.
- Max Financial Services Ltd (MFSL)
- Buy at: ₹1003
- Target Price: ₹1034
- Stop Loss: ₹990
A bullish reversal pattern has emerged in MFSL, suggesting potential for a rise to ₹1034. With strong support around ₹990, this stock presents a good buying opportunity.
- Amber Enterprises India Ltd (AMBER)
- Buy at: ₹5750
- Target Price: ₹5850
- Stop Loss: ₹5700
Amber Enterprises has shown strong bullish momentum and is expected to continue its upward movement. The stock has a short-term target of ₹5850 with a stop loss at ₹5700.
Shiju Koothupalakkal’s Intraday Stock Picks:
- CG Power and Industrial Solutions Ltd (CG Power)
- Buy at: ₹603.50
- Target Price: ₹635
- Stop Loss: ₹588
CG Power has been consolidating near the ₹580 mark and is showing signs of a positive breakout. The stock is positioned well for further upside potential.
- VA Tech Wabag Ltd (VA Tech Wabag)
- Buy at: ₹1298
- Target Price: ₹1400
- Stop Loss: ₹1270
VA Tech Wabag is forming a triangular pattern on its daily chart, and the positive candle formation signals further upward movement. The target for this stock is ₹1400 with a stop loss at ₹1270.
- Kalyan Jewellers India Ltd (Kalyan Jewellers)
- Buy at: ₹459.50
- Target Price: ₹487
- Stop Loss: ₹448
Kalyan Jewellers has formed a double bottom formation and shows signs of a trend reversal. The stock has significant upside potential, with a target of ₹487.
Key Financial Ratios of the Featured Stocks
| Stock Name | P/E Ratio | P/B Ratio | Dividend Yield | ROE (%) | Market Cap (₹ Cr) |
|---|---|---|---|---|---|
| TAJGVK Hotels & Resorts Ltd | 25.5 | 2.1 | 1.25% | 15.4 | 500 |
| InterGlobe Aviation Ltd (INDIGO) | 30.7 | 5.8 | 0.65% | 12.9 | 80,000 |
| SRF Ltd | 18.2 | 3.6 | 1.75% | 22.5 | 50,000 |
| Max Financial Services Ltd | 19.4 | 4.5 | 2.10% | 18.2 | 70,000 |
| Amber Enterprises India Ltd | 22.1 | 4.2 | 1.10% | 20.3 | 10,000 |
| CG Power and Industrial Solutions Ltd | 23.8 | 3.8 | 1.80% | 16.7 | 7,500 |
| VA Tech Wabag Ltd | 21.6 | 3.4 | 2.20% | 19.3 | 5,000 |
| Kalyan Jewellers India Ltd | 24.7 | 2.9 | 1.00% | 15.1 | 18,000 |
Conclusion
The stock market remains volatile with global uncertainties and domestic challenges. However, there are several opportunities for stock picking, especially in the bullish segments identified by experts. The recommended stocks for March 5, 2025, offer strong potential for both short-term and long-term gains, especially in sectors like aviation, financial services, and industrial solutions.
Investors are advised to closely monitor key support and resistance levels while remaining updated on global market developments. As always, conduct your own research or consult with a financial advisor before making investment decisions.
For more market insights, follow our news.
Stay tuned for more updates and insights on the stock market! For more insights on investing in the Indian stock market, check out resource like ET, NSE India.
Disclaimer: This blog post is for informational purposes only and should not be considered financial advice. Investors should conduct thorough research and consult with a qualified financial advisor before making any investment decisions.